Bonds; authorize issuance to assist City of Gulfport with removal of blighted properties.

HB 1695 authorizes Mississippi to issue state bonds to provide funds for the City of Gulfport to remove blighted properties in the western part of the city. The state would borrow money through these bonds, backed by Mississippi’s full credit, with proceeds used exclusively for property removal costs and related expenses. The bonds would be exempt from state taxes and managed by the State Bond Commission, with repayment secured by the state treasury if needed.